Bitcoin rose 0.7% at the Wall Street open, with BTC/USD trading around $77,000 and holding above a recent low near $76,300. US stocks also rose, but the source did not establish what drove Bitcoin’s move.
Analysts at The Kobeissi Letter argued that markets were pricing in two years of political gridlock amid expectations of Democratic gains in the US midterm elections. Other analysts cautioned that the election results could be less decisive than polls suggested. WTI crude fell to $93.59 a barrel, its lowest level since Oct. 15, despite a US strike on Iran’s Qeshm Island.
